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CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement of Cash Flows [Abstract]      
Net income from continuing operations $ 302 $ 253 $ 336
Adjustments to reconcile net income to net cash provided by (used for) operating activities:      
Depreciation, amortization and cost of timber harvested 159 143 125
Deferred income tax provision (benefit), net (7) 0 (7)
Stock-based compensation 23 23 20
Changes in operating assets and liabilities and other      
Accounts and notes receivable (47) 104 (45)
Inventories 25 6 (99)
Accounts payable and accrued liabilities 42 (73) 48
Other (28) 48 40
CASH PROVIDED BY OPERATING ACTIVITIES FROM CONTINUING OPERATIONS 469 504 418
CASH PROVIDED BY OPERATING ACTIVITIES FROM DISCONTINUED OPERATIONS, NET 0 0 20
CASH PROVIDED BY OPERATING ACTIVITIES 469 504 438
INVESTING ACTIVITIES      
Invested in capital projects (221) (210) (149)
Cash proceeds on disposal of business, net of cash divested 0 0 324
Acquisition of business 0 (167) 0
Other 0 0 10
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES FROM CONTINUING OPERATIONS (221) (377) 185
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES FROM DISCONTINUED OPERATIONS, NET 0 0 (5)
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES (221) (377) 180
FINANCING ACTIVITIES      
Dividends paid (62) (57) (10)
Issuance of debt 250 446 75
Reduction of debt (407) (526) (450)
Repurchases of common stock (69) (70) (80)
Other (22) (12) (4)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES FROM CONTINUING OPERATIONS (310) (219) (469)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES FROM DISCONTINUED OPERATIONS, NET 0 0 (1)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES (310) (219) (470)
Effect of Exchange Rate Changes on Cash (13) 12 32
Change in Cash Included in Assets Held for Sale 0 0 (21)
Change in Cash, Temporary Investments and Restricted Cash (75) (80) 201
Beginning of the period 280 360 159
End of the period $ 205 $ 280 $ 360